Financial Crime Risk Management, Regulation and Compliance

What you will study

    1. Economic losses from financial crimes in the global arena
    2. An introduction to criminology and theories of white-collar crime applicable to the financial services industry
    3. Main types of financial and corporate fraud
    4. Essentials of corporate finance and investments
    5. Principles of UK and international taxation; tax avoidance vs. tax evasion; tax havens and tax compliance
    6. Basics of financial planning and wealth management
    7. Methods and tools of risk management in financial services
    8. Financial regulation and compliance in the UK and worldwide
    9. International economic crime agencies and financial regulators
    10. Fundamentals of forensic accounting and auditing
    11. Examining fraud cases in accounting, tax planning and investment management
    12. Use of financial technology (FinTech) and artificial intelligence (AI) for crime prevention in the financial sector 
    13. The importance of corporate governance for promoting ethical behaviour in business organisations
    14. Ethical and professional standards for finance practitioners and professional services providers subject to the laws aimed at combating financial crime in the UK
    15. Conducting a small-scale research project on a topic in financial crime risk management, regulation and compliance.

Key features of the course

    • Flexibility to suit your needs – allowing you to study anytime, anywhere
    • An emphasis on personal and professional development through independent learning
    • Relevance of topics and practical examples to the context of your own professional practice
    • Illustrative practice activities with solutions, “test your understanding” activities and tutor-marked assignments, including a final report, to reinforce learning
    • Advanced diploma from London School of Finance and Law upon course completion

This non-credit advanced diploma is intended for finance students and practitioners who want to upgrade existing knowledge and skills in areas relevant to business management, accounting, investment management, financial risk management, financial markets regulation, tax law and financial planning.

The course can be taken alongside your degree or professional qualification studies elsewhere or as part of your informal career development programme. Upon successful completion of the course, students can demonstrate unique financial risk management and forensic accounting knowledge and skills to their employers if working in accountancy, investment management, tax advisory, law-enforcement agencies, economic crime agencies or investigative business and finance journalism.

Learning outcomes

    • Knowledge and understanding
    • Key skills
    • Cognitive skills
    • Practical and professional skills
    • Transferable skills

Career relevance

    • Accounting and financial management
    • Tax advisory
    • Business administration and management
    • Investment analysis and risk management
    • Business and financial journalism
    • Professional bodies
    • Professional training
    • Coaching, mentoring and counselling in finance, tax advisory and business management
    • Law or law-related fields (e.g. law enforcement agencies)
    • Government offices (e.g. financial regulatory authorities) and NGOs

Study method

Online learning with tutor guidance and support

How long it takes

12 months (384 hours)

You need to be able to spend approximately 8 hours per week on studying this course.

Teaching and assessment

A tutor will guide you throughout the study process and mark and comment on your written work. You and your tutor will primarily communicate with each other through email.

The course work includes online practice tests, tutor-marked assignments and end-of-course assessment. The end-of-course assessment is a 20-30 page report on a topic related to financial crime risk management, regulation and compliance.

You must use the online VLE-system to submit your tutor-marked assignments and end-of-course assessment.

The Pass mark for the course is 50%. 

Study materials

All study materials are provided on the course website.

Microsoft Office presentations and Adobe Portable Document Format (PDF) versions of study material are available.

A computer with a browser and broadband internet access is required for this course. Functionality may be limited on mobile or tablet devices.

If you have a disability or particular study requirements, please tell us as soon as possible.

Fees and funding

Course fees for 2022/2023 academic year: £2,040

Course fees cover registration, course materials, tuition and assessment.

LSFL course fees depend on the level and duration of courses: check all tuition fee rates for the current academic year here.

You may be eligible for tuition funding.

Registration

Next term start date: 20 September 2022

The module website will be available to registered students three days in advance of module start. Module sessions will be opened on a weekly basis to enable tutor-led, gradual progression through the study materials and continuous assessment.

Course registration is open, but please be aware that due to the increased demand it may take us longer to respond than usual.

Registration closes 10 September 2022 (places subject to availability)

Registration for current students:

ENROL

Registration for new students:

You have to register as an LSFL student to study this course.

REGISTER AS AN LSFL STUDENT

Future availability

Financial Crime Risk Management, Regulation and Compliance starts three times a year – in January, May and September.

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International professional qualifications: ACCA, CIMA, IAB, IMC, CFA or IAD

Advanced courses in business management, finance, business analytics and business law

English language requirements

There is no formal requirement to prove your English language proficiency to study our courses. If English is not your native or second language, or you would like to improve specialist language skills necessary for your profession, you may complete one of the following English language courses:  

Legal English

English for Finance

Business English

A full range of our English language courses can be viewed here.

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